Balco Group AB (BALCO) Earnings Call Transcripts

Balco Group AB's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Balco Group AB reported net sales of SEK 299 million, a 5% decline year-over-year, and an adjusted operating result of SEK 0 million, indicating profitability challenges. The order backlog increased by 21% to SEK 1.483 billion, signaling potential future growth despite current market uncertainties. Management maintained a cautious outlook, particularly for the Danish market, while expressing optimism for renovation activities in Sweden and Norway, and highlighted ongoing cost-saving measures to improve profitability.

Reported metrics

Guidance from management

Management expects a gradual recovery in the Finnish renovation segment and continues to take actions to improve profitability. They remain cautious about the Danish market, stating it will likely remain challenging throughout the year.

What management said

Just as you point out, Sofia, in the new build segment, we have 2 different kind of orders. We have the balconies orders and we also have the maritime orders. And -- in the first quarter here, the Maritime business was performing as it should, but we have some challenges within the bank on companies on the profitability level in the newbuild segment during the first quarter. And that is mainly to the specific project...

That is why we are taking additional actions on the cost saving structure, and this is mainly linked to the Finnish newbuild segment. So the volume of new build segment in Finland has been on a lower level than expected. And as I said, we don't see any recovery there, and we have taken actions, and we have reduced people manning and we continue to do so during the next coming quarters.

What analysts pressed on

Analysts expressed concerns about the losses in the new build segment and the impact of macroeconomic uncertainties on investment decisions. There were questions regarding the sustainability of profitability improvements and the competitive landscape in Denmark.

Main topics on the call

• Order Backlog Growth — The order backlog increased by 21% to SEK 1.483 billion, up from SEK 1.238 billion last year, indicating strong future demand. Management noted, 'the order intake for Balco Group must be seen over a longer period than ju...
• Profitability Challenges — The adjusted operating result was SEK 0 million, compared to a loss of SEK 3 million last year, but management expressed dissatisfaction with current profit levels. Camilla Ekdahl stated, 'the profitability is much below...
• Renovation Market Outlook — Management remains cautiously optimistic about the renovation markets in Sweden and Norway, citing underlying demand. They noted, 'we see continued improvements in the renovation activities in Sweden and Norway.'
• New Build Segment Losses — The new build segment reported losses primarily due to specific project challenges, with management indicating that 'the Maritime business was performing as it should.'

Read the full Balco Group AB transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Balco Group AB earnings call transcripts on record, spanning February 20, 2020 to July 14, 2026. Based on this history, Balco Group AB reports quarterly. The most recent call on file is dated July 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BALCO

Exchange

OM

Country

SE

Sector

Industrials

Industry

Building Products

Calls on record

26

First call

February 20, 2020

Most recent

July 14, 2026

Reporting cadence

quarterly